C.
This is because of the phrase “laid and levied by the legislatures of the several states”.
The answer is: A: It encouraged people to borrow money to buy stocks.
With the boom, banks began to give loans where they once had not. This risk of borrowing money from the bank was, in most people's view, a rewarding risk.
The artic circle is the biome in which only lichens and mossess survive.
